Nifty ended on Friday at 8672, down approximately 11 points from the previous week. The undercurrent of the market is still positive, despite weak momentum. Investors are entering into the markets at every dip. Nifty has immediate resistance at 8700 and 8728. If these two levels are taken off, we could see Nifty moving towards 8841. Strong support zones are at 8612 and 8538. On Friday, SBI came out with its numbers. It was better than street expectations. That positive sentiment reflected in its stock price on Friday. The stock gained nearly seven per cent. The earning season will come to an end this week. Earning upgrades are expected only from Q3 onwards.

Union Finance Minister Arun Jaitley with UK’s Secretary of State for International Development, Priti Patel, before a meeting at South Block in New Delhi on Friday